'Seven ways from Sunday' is a Western colloquialism that signifies a task that can conceivably be done a different way for each day of the week.
It's a colorful phrase, and it means 'this is going to happen.'
When I think of the increasing pace of growth of the XRP ecosystem, the news about Ripple, Coil, and other champion organizations that are building on it, that phrase keeps popping up in my head: It's not any one particular thing that will help XRP succeed.
It's all of them.
The use cases for XRP are gargantuan. The first one - usage as a bridge currency - has a 'total addressable market' measured in numbers that are almost impossible for the human mind to grasp. The ForEx market and the cross-border transfer market together are measured in 'quadrillions' of dollars per year.
XRP's Use Cases:
- Bridge Currency
- Micropayments
- Web Monetization
- Interledger - Payment Streaming
- Decentralized Trading
- Sharing Economy
- Smart Contracts
And the second one on the list - micropayments - is growing fast.
Coil is attracting interest from all corners of the web, and it's apparent that Ripple takes this use case very seriously, having just invested a billion XRP into the Coil ecosystem, fueling deals like the one with Imgur.
Some of the other use cases like web monetization and Interledger are connected to micropayments, but exist on their own as well; stakeholder organizations like RISE, Omni, and others are investigating ILP and its applications for their respective businesses.
Focused Energy
XRP's ecosystem is expanding with a level of intensity that only comes from teams that are laser-focused on their projects and initiatives. We've seen substantial progress from Ripple on multiple fronts, including the proactive leadership they've taken trying to achieve regulatory certainty here in the U.S. And Coil is interacting with the W3C, universities, and other stakeholders in the field of web monetization; all while championing the growth of their new blogging platform.
While other technology projects may depend on descriptions based on hyperbole, XRP is in no need of exaggeration. This is one digital asset that will be adopted: Seven ways from Sunday.
General Crypto News
Do people that are new to cryptocurrency know about the difference between the various transaction validation approaches for decentralized networks?
Probably not.
If you're having a first conversation with somebody about cryptocurrency and XRP, talking about the way in which the different cryptos validate transactions may be a bit out of range; instead, it's better to start with concepts that the person can readily understand.
But eventually, it's important to point out some of the important characteristics that should weigh on their own preferences about which coin to buy, support, or investigate further. One of those important characteristic - some would say the most important - is the network's impact on the environment.
And this is where the hypocrisy of Bitcoin maximalists becomes readily identifiable, like a polar bear in a San Diego zoo. The worst network is Bitcoin, and its impact on the environment is troubling:
Bitcoin maximalists would rather this information be either swept under the rug, or attacked directly.
As improbable as it sounds, some of them try and argue about the actual statistics, even though the numbers have been successfully defended multiple times. If attacking the messenger doesn't work, they will inevitably jump through any number of hoops to try and rationalize the harm to the environment.
Instead, the obvious answer is to use modern technology and approaches instead of outdated approaches that require massive amounts of electricity to power competing Bitcoin 'miners.'
An XRP Community member recently reminded people of Bitcoin's impact with a tweet:
@hastytoro profiled a paper that was jointly researched by the Executive Graduate School at Stanford and the Department of Mathematics at Stockholm University. The study found that Bitcoin's energy usage is equivalent to nations such as Austria. The study elaborates on these numbers, and uses examples from peoples' daily lives to communicate the concept. One example of this is how the paper translates these electrical usage statistics into light bulbs, car miles, and dishwashers.
And of course, XRP, by contrast, is the most efficient payment network profiled; even more efficient than some centralized technologies, which is a high bar for a decentralized network.
Ripple News
Before I dive into the biggest news of the past few days - the CNN interview of Brad Garlinghouse by Julia Chatterley on September 12แตสฐ - it's wise to remember the key differences between mainstream and crypto news media.
While crypto news sometimes feels like we're 'talking to ourselves' within the industry, when a mainstream news media outlet like Fortune, Bloomberg, or CNN covers crypto and XRP-related news, the audience is far more diverse than in crypto. The audience for crypto-related topics tends to be very narrow, and is skewed towards educated young males.
This demographic has held true over years, and was just re-confirmed this year by Leonidas Hadjiloizou's survey results.
So it was with some excitement that I approached this latest interview; CNN's televised broadcasts normally reach audiences that are measured in the hundreds of thousands. Even though Julia Chatterley streams her content, the brand name of CNN is behind the broadcast, and hence, the interview was probably seen by a large number of 'non-crypto' viewers.
The session was chopped into two parts, and shared individually over Twitter:
Part One
URL: https://twitter.com/jchatterleyCNN/status/1172149127947476995?s=20
Part Two
URL: https://twitter.com/jchatterleyCNN/status/1172151590763016193?s=20
Here's a few of my favorite questions and answers from the interview:
Question (Julia Chatterley): "๐๐ฉ๐ช๐ค๐ฉ ๐ฃ๐ข๐ฏ๐ฌ๐ด ๐ณ๐ช๐จ๐ฉ๐ต ๐ฏ๐ฐ๐ธ ๐ข๐ณ๐ฆ ๐ข๐ค๐ต๐ถ๐ข๐ญ๐ญ๐บ ๐ถ๐ด๐ช๐ฏ๐จ ๐๐ช๐ฑ๐ฑ๐ญ๐ฆ?"
Answer (Brad Garlinghouse): "๐๐ฆ'๐ท๐ฆ ๐ด๐ช๐จ๐ฏ๐ฆ๐ฅ ๐ถ๐ฑ ๐ฐ๐ท๐ฆ๐ณ 200 ๐ฃ๐ข๐ฏ๐ฌ๐ด ๐ข๐ณ๐ฐ๐ถ๐ฏ๐ฅ ๐ต๐ฉ๐ฆ ๐ธ๐ฐ๐ณ๐ญ๐ฅ. ๐๐ฐ๐ฎ๐ฆ ๐ฐ๐ง ๐ต๐ฉ๐ฐ๐ด๐ฆ ๐ฃ๐ข๐ฏ๐ฌ๐ด ๐ซ๐ถ๐ด๐ต ๐ถ๐ด๐ฆ ๐ฐ๐ถ๐ณ ๐ด๐ฐ๐ง๐ต๐ธ๐ข๐ณ๐ฆ ๐ต๐ฐ ๐ฅ๐ฐ ๐ต๐ฉ๐ข๐ต ๐ฅ๐ฆ๐ฃ๐ช๐ต-๐ข๐ฏ๐ฅ-๐ค๐ณ๐ฆ๐ฅ๐ช๐ต, ๐ง๐ช๐ข๐ต-๐ต๐ฐ-๐ง๐ช๐ข๐ต; ๐ข๐ฏ๐ฅ ๐ด๐ฐ๐ฎ๐ฆ ๐ฐ๐ง ๐ต๐ฉ๐ฆ๐ฎ ๐ข๐ณ๐ฆ ๐ถ๐ด๐ช๐ฏ๐จ ๐๐๐ ๐ช๐ฏ ๐ต๐ฉ๐ฐ๐ด๐ฆ ๐ง๐ญ๐ฐ๐ธ๐ด; ๐๐ฆ ๐ฉ๐ข๐ท๐ฆ ๐ฃ๐ข๐ฏ๐ฌ๐ด ๐ญ๐ช๐ฌ๐ฆ ๐๐ข๐ฏ๐ต๐ข๐ฏ๐ฅ๐ฆ๐ณ, ๐ต๐ฉ๐ข๐ต ๐ธ๐ฆ'๐ท๐ฆ ๐ฃ๐ฆ๐ฆ๐ฏ ๐ธ๐ฐ๐ณ๐ฌ๐ช๐ฏ๐จ ๐ธ๐ช๐ต๐ฉ ๐ง๐ฐ๐ณ ๐บ๐ฆ๐ข๐ณ๐ด, ๐ข๐ฏ๐ฅ ๐ต๐ฉ๐ฆ๐บ'๐ณ๐ฆ ๐ฎ๐ฐ๐ท๐ช๐ฏ๐จ ๐ญ๐ฐ๐ต๐ด ๐ฐ๐ง ๐ท๐ฐ๐ญ๐ถ๐ฎ๐ฆ ๐ต๐ฉ๐ณ๐ฐ๐ถ๐จ๐ฉ ๐๐ช๐ฑ๐ฑ๐ญ๐ฆ'๐ด ๐ต๐ฆ๐ค๐ฉ๐ฏ๐ฐ๐ญ๐ฐ๐จ๐บ. ๐๐ฏ๐ฅ ๐ข๐ด ๐ ๐ฎ๐ฆ๐ฏ๐ต๐ช๐ฐ๐ฏ๐ฆ๐ฅ ๐ฆ๐ข๐ณ๐ญ๐ช๐ฆ๐ณ, ๐ฑ๐ข๐บ๐ฎ๐ฆ๐ฏ๐ต ๐ฑ๐ณ๐ฐ๐ท๐ช๐ฅ๐ฆ๐ณ๐ด ๐ญ๐ช๐ฌ๐ฆ ๐๐ฐ๐ฏ๐ฆ๐บ๐๐ณ๐ข๐ฎ, ๐ฐ๐ณ ๐๐ช๐ข, ๐ฐ๐ณ ๐๐ป๐ช๐ฎ๐ฐ, ๐ต๐ฉ๐ข๐ต ๐ข๐ณ๐ฆ ๐ถ๐ด๐ช๐ฏ๐จ ๐๐๐ ๐ต๐ฐ ๐ฎ๐ฐ๐ท๐ฆ ๐ต๐ฉ๐ข๐ต ๐ญ๐ช๐ฒ๐ถ๐ช๐ฅ๐ช๐ต๐บ; ๐ข๐ฏ๐ฅ ๐ณ๐ฆ๐ข๐ญ๐ญ๐บ, ๐ณ๐ฆ๐ฅ๐ถ๐ค๐ช๐ฏ๐จ ๐ต๐ฉ๐ฆ๐ช๐ณ ๐ค๐ฐ๐ด๐ต๐ด ๐ข๐ฏ๐ฅ ๐ช๐ฎ๐ฑ๐ณ๐ฐ๐ท๐ช๐ฏ๐จ ๐ต๐ฉ๐ฆ๐ช๐ณ ๐ฑ๐ณ๐ฐ๐ฅ๐ถ๐ค๐ต."
Question (Julia Chatterley): "๐๐ด ๐ต๐ฉ๐ฆ ๐ฎ๐ฆ๐ด๐ด๐ข๐จ๐ฆ ๐ต๐ฐ ๐ช๐ฏ๐ท๐ฆ๐ด๐ต๐ฐ๐ณ๐ด '๐๐ฐ๐ฏ'๐ต ๐ถ๐ด๐ฆ ๐๐๐ ๐ต๐ฐ ๐ด๐ฑ๐ฆ๐ค๐ถ๐ญ๐ข๐ต๐ฆ?' "
Answer (Brad Garlinghouse): "๐๐ฆ๐ฐ๐ฑ๐ญ๐ฆ ๐ข๐ณ๐ฆ ๐จ๐ฐ๐ช๐ฏ๐จ ๐ต๐ฐ ๐ด๐ฑ๐ฆ๐ค๐ถ๐ญ๐ข๐ต๐ฆ ๐ฐ๐ฏ ๐ฅ๐ช๐ง๐ง๐ฆ๐ณ๐ฆ๐ฏ๐ต ๐ข๐ด๐ด๐ฆ๐ต ๐ค๐ญ๐ข๐ด๐ด๐ฆ๐ด; ๐๐ฆ๐ฐ๐ฑ๐ญ๐ฆ ๐ด๐ฑ๐ฆ๐ค๐ถ๐ญ๐ข๐ต๐ฆ ๐ฐ๐ฏ ๐จ๐ฐ๐ญ๐ฅ; ๐ค๐ถ๐ณ๐ณ๐ฆ๐ฏ๐ค๐ช๐ฆ๐ด; ๐บ๐ฐ๐ถ ๐ฏ๐ข๐ฎ๐ฆ ๐ช๐ต. ๐๐ฆ๐ฐ๐ฑ๐ญ๐ฆ ๐ข๐ณ๐ฆ ๐จ๐ฐ๐ช๐ฏ๐จ ๐ต๐ฐ ๐ด๐ฑ๐ฆ๐ค๐ถ๐ญ๐ข๐ต๐ฆ ...
... ๐ต๐ฉ๐ฆ ๐ญ๐ฐ๐ฏ๐จ-๐ต๐ฆ๐ณ๐ฎ ๐ท๐ข๐ญ๐ถ๐ฆ ๐ฐ๐ง ๐ข๐ฏ๐บ ๐ฅ๐ช๐จ๐ช๐ต๐ข๐ญ ๐ข๐ด๐ด๐ฆ๐ต ๐ช๐ด ๐จ๐ฐ๐ช๐ฏ๐จ ๐ต๐ฐ ๐ฃ๐ฆ ๐ฅ๐ฆ๐ณ๐ช๐ท๐ฆ๐ฅ ๐ง๐ณ๐ฐ๐ฎ ๐ต๐ฉ๐ฆ ๐ถ๐ต๐ช๐ญ๐ช๐ต๐บ ๐ช๐ต ๐ฅ๐ฆ๐ญ๐ช๐ท๐ฆ๐ณ๐ด. ๐๐ฉ๐ฆ๐ณ๐ฆ'๐ด ๐ข ๐ญ๐ฐ๐ต ๐ฐ๐ง ๐ฉ๐บ๐ฑ๐ฆ ๐ช๐ฏ ๐ต๐ฉ๐ฆ ๐ค๐ณ๐บ๐ฑ๐ต๐ฐ ๐ฎ๐ข๐ณ๐ฌ๐ฆ๐ต ๐ด๐ฑ๐ข๐ค๐ฆ. ๐๐ฆ'๐ท๐ฆ ๐ด๐ฆ๐ฆ๐ฏ ๐ต๐ฉ๐ข๐ต ๐ฆ๐ท๐ฆ๐ฏ ๐ณ๐ฆ๐ค๐ฆ๐ฏ๐ต๐ญ๐บ. ๐๐ฉ๐ฆ๐ณ๐ฆ'๐ด ๐ข ๐ญ๐ฐ๐ต ๐ฐ๐ง ๐ข๐ต๐ต๐ฆ๐ฏ๐ต๐ช๐ฐ๐ฏ ๐จ๐ฐ๐ช๐ฏ๐จ ๐ฐ๐ฏ ๐ข๐ณ๐ฐ๐ถ๐ฏ๐ฅ ๐๐ช๐ฃ๐ณ๐ข ๐ข๐ฏ๐ฅ ๐๐ข๐ค๐ฆ๐ฃ๐ฐ๐ฐ๐ฌ'๐ด ๐ข๐ฏ๐ฏ๐ฐ๐ถ๐ฏ๐ค๐ฆ๐ฎ๐ฆ๐ฏ๐ต. ๐๐ฐ๐ฅ๐ข๐บ, ๐ต๐ฉ๐ข๐ต'๐ด ๐ซ๐ถ๐ด๐ต ๐ข ๐ธ๐ฉ๐ช๐ต๐ฆ๐ฑ๐ข๐ฑ๐ฆ๐ณ.
... ๐ ๐ธ๐ฐ๐ถ๐ญ๐ฅ ๐ฆ๐ฏ๐ค๐ฐ๐ถ๐ณ๐ข๐จ๐ฆ ๐ข๐ฏ๐บ๐ฃ๐ฐ๐ฅ๐บ ๐ญ๐ฐ๐ฐ๐ฌ๐ช๐ฏ๐จ ๐ข๐ต ๐ต๐ฉ๐ช๐ด ๐ฎ๐ข๐ณ๐ฌ๐ฆ๐ต๐ฑ๐ญ๐ข๐ค๐ฆ ... ๐ต๐ฐ ๐ถ๐ฏ๐ฅ๐ฆ๐ณ๐ด๐ต๐ข๐ฏ๐ฅ ๐ธ๐ฉ๐ข๐ต ๐ช๐ด ๐ณ๐ฆ๐ข๐ญ; ๐ธ๐ฉ๐ข๐ต ๐ช๐ด ๐ฏ๐ฐ๐ต ๐ณ๐ฆ๐ข๐ญ. ๐๐ฏ๐ฅ, ๐ถ๐ฏ๐ฅ๐ฆ๐ณ๐ด๐ต๐ข๐ฏ๐ฅ '๐ช๐ด ๐ต๐ฉ๐ฆ๐ณ๐ฆ ๐ข ๐ถ๐ด๐ฆ ๐ค๐ข๐ด๐ฆ? ๐๐ด ๐ต๐ฉ๐ฆ๐ณ๐ฆ ๐ถ๐ต๐ช๐ญ๐ช๐ต๐บ?' "
Question (Julia Chatterley): "๐๐ถ๐ต, ๐บ๐ฐ๐ถ ๐ข๐จ๐ณ๐ฆ๐ฆ ๐บ๐ฐ๐ถ ๐ค๐ข๐ฏ ๐ค๐ฐ๐ฏ๐ต๐ณ๐ฐ๐ญ ๐ต๐ฉ๐ฆ ๐ฑ๐ณ๐ช๐ค๐ฆ ๐ต๐ฐ ๐ด๐ฐ๐ฎ๐ฆ ๐ฅ๐ฆ๐จ๐ณ๐ฆ๐ฆ? (๐ฐ๐ง ๐๐๐)"
Answer (Brad Garlinghouse): "๐๐ฉ, ๐ฏ๐ฐ. ๐๐ฐ. ๐๐ง ๐บ๐ฐ๐ถ ๐ญ๐ฐ๐ฐ๐ฌ ๐ข๐ต ๐ต๐ฉ๐ฆ ๐ค๐ฐ๐ณ๐ณ๐ฆ๐ญ๐ข๐ต๐ช๐ฐ๐ฏ ๐ฃ๐ฆ๐ต๐ธ๐ฆ๐ฆ๐ฏ ๐๐๐ ๐ข๐ฏ๐ฅ ๐ฎ๐ฐ๐ด๐ต ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐ค๐ณ๐บ๐ฑ๐ต๐ฐ ๐ฎ๐ข๐ณ๐ฌ๐ฆ๐ต ... ๐บ๐ฐ๐ถ'๐ญ๐ญ ๐ด๐ฆ๐ฆ ๐ข ๐ท๐ฆ๐ณ๐บ ๐ฉ๐ช๐จ๐ฉ ๐ฅ๐ฆ๐จ๐ณ๐ฆ๐ฆ ๐ฐ๐ง ๐ค๐ฐ๐ณ๐ณ๐ฆ๐ญ๐ข๐ต๐ช๐ฐ๐ฏ. ๐๐ช๐ฑ๐ฑ๐ญ๐ฆ ๐ค๐ข๐ฏ'๐ต ๐ค๐ฐ๐ฏ๐ต๐ณ๐ฐ๐ญ ๐ต๐ฉ๐ฆ ๐ฑ๐ณ๐ช๐ค๐ฆ ๐ฐ๐ง ๐๐๐ ๐ข๐ฏ๐บ ๐ฎ๐ฐ๐ณ๐ฆ ๐ต๐ฉ๐ข๐ฏ ๐ต๐ฉ๐ฆ ๐ธ๐ฉ๐ข๐ญ๐ฆ๐ด (๐ธ๐ฆ๐ข๐ญ๐ต๐ฉ๐บ ๐ค๐ณ๐บ๐ฑ๐ต๐ฐ ๐ต๐ณ๐ข๐ฅ๐ฆ๐ณ๐ด) ๐ค๐ข๐ฏ ๐ค๐ฐ๐ฏ๐ต๐ณ๐ฐ๐ญ ๐ต๐ฉ๐ฆ ๐ฑ๐ณ๐ช๐ค๐ฆ ๐ฐ๐ง ๐๐ช๐ต๐ค๐ฐ๐ช๐ฏ ... ๐ ๐ฅ๐ฐ๐ฏ'๐ต ๐ต๐ฉ๐ช๐ฏ๐ฌ ๐ข๐ฏ๐บ๐ฃ๐ฐ๐ฅ๐บ ๐ช๐ด ๐ช๐ฏ ๐ข ๐ฑ๐ฐ๐ด๐ช๐ต๐ช๐ฐ๐ฏ ๐ต๐ฐ ๐ฎ๐ข๐ฏ๐ช๐ฑ๐ถ๐ญ๐ข๐ต๐ฆ ๐ต๐ฉ๐ฐ๐ด๐ฆ ๐ฑ๐ณ๐ช๐ค๐ฆ๐ด."
It was a hard-hitting interview, and Julia Chatterley covered additional topics as well, such as how institutional sales work, and ownership decentralization levels.
Many of the topics that are the focus of debates and discussions on Twitter were posed to Brad Garlinghouse during a total of fifteen minutes.
This two-part interview is a 'must-watch' for XRP owners or serious researchers.
TTI/Vanguard
TTI/Vanguard is an organization based in Santa Monica, California that hosts multiple meetings about technology trends and their impacts. According to their own website:
"๐๐๐/๐๐ข๐ฏ๐จ๐ถ๐ข๐ณ๐ฅ ๐ช๐ด ๐ข๐ฏ ๐ข๐ฅ๐ท๐ข๐ฏ๐ค๐ฆ๐ฅ ๐ต๐ฆ๐ค๐ฉ๐ฏ๐ฐ๐ญ๐ฐ๐จ๐บ ๐ฎ๐ฆ๐ฎ๐ฃ๐ฆ๐ณ๐ด๐ฉ๐ช๐ฑ ๐ง๐ฐ๐ณ ๐ด๐ฆ๐ฏ๐ช๐ฐ๐ณ-๐ญ๐ฆ๐ท๐ฆ๐ญ ๐ฆ๐น๐ฆ๐ค๐ถ๐ต๐ช๐ท๐ฆ๐ด. ๐๐ฆ ๐ช๐ฏ๐ต๐ณ๐ฐ๐ฅ๐ถ๐ค๐ฆ, ๐ฅ๐ช๐ด๐ค๐ถ๐ด๐ด, ๐ข๐ฏ๐ฅ ๐ฆ๐ท๐ข๐ญ๐ถ๐ข๐ต๐ฆ ๐ฆ๐ฎ๐ฆ๐ณ๐จ๐ช๐ฏ๐จ ๐ข๐ฏ๐ฅ ๐ฃ๐ณ๐ฆ๐ข๐ฌ๐ต๐ฉ๐ณ๐ฐ๐ถ๐จ๐ฉ ๐ต๐ฆ๐ค๐ฉ๐ฏ๐ฐ๐ญ๐ฐ๐จ๐ช๐ฆ๐ด ๐ฐ๐ฏ ๐ต๐ฉ๐ฆ ๐ต๐ธ๐ฐ-๐ต๐ฐ-๐ง๐ช๐ท๐ฆ-๐บ๐ฆ๐ข๐ณ ๐ฉ๐ฐ๐ณ๐ช๐ป๐ฐ๐ฏ. ๐๐ฉ๐ณ๐ฐ๐ถ๐จ๐ฉ ๐ณ๐ฆ๐ด๐ฆ๐ข๐ณ๐ค๐ฉ, ๐ค๐ฐ๐ฏ๐ง๐ฆ๐ณ๐ฆ๐ฏ๐ค๐ฆ๐ด, ๐ธ๐ฐ๐ณ๐ฌ๐ด๐ฉ๐ฐ๐ฑ๐ด, ๐ข๐ฏ๐ฅ ๐ง๐ช๐ฆ๐ญ๐ฅ ๐ต๐ณ๐ช๐ฑ๐ด, ๐ฆ๐น๐ฑ๐ฆ๐ณ๐ต๐ด ๐ฐ๐ง๐ง๐ฆ๐ณ ๐ฑ๐ฆ๐ณ๐ด๐ฑ๐ฆ๐ค๐ต๐ช๐ท๐ฆ๐ด ๐ฐ๐ฏ ๐ง๐ถ๐ต๐ถ๐ณ๐ฆ ๐ต๐ฆ๐ค๐ฉ๐ฏ๐ฐ๐ญ๐ฐ๐จ๐ช๐ฆ๐ด ๐ข๐ฏ๐ฅ ๐ต๐ฉ๐ฆ๐ช๐ณ ๐ช๐ฎ๐ฑ๐ข๐ค๐ต ๐ฐ๐ฏ ๐ฐ๐ณ๐จ๐ข๐ฏ๐ช๐ป๐ข๐ต๐ช๐ฐ๐ฏ๐ด, ๐ช๐ฏ๐ง๐ณ๐ข๐ด๐ต๐ณ๐ถ๐ค๐ต๐ถ๐ณ๐ฆ๐ด, ๐ฑ๐ฐ๐ญ๐ช๐ค๐ช๐ฆ๐ด, ๐ข๐ฏ๐ฅ ๐ด๐ฐ๐ค๐ช๐ฆ๐ต๐บ. ๐๐ฉ๐ฆ ๐ณ๐ฆ๐ด๐ถ๐ญ๐ต ๐ช๐ด ๐ข ๐ง๐ณ๐ข๐ฎ๐ฆ๐ธ๐ฐ๐ณ๐ฌ ๐ง๐ฐ๐ณ ๐ญ๐ช๐ฏ๐ฌ๐ช๐ฏ๐จ ๐ด๐ต๐ณ๐ข๐ต๐ฆ๐จ๐ช๐ค ๐ต๐ฆ๐ค๐ฉ๐ฏ๐ฐ๐ญ๐ฐ๐จ๐บ ๐ฑ๐ญ๐ข๐ฏ๐ฏ๐ช๐ฏ๐จ ๐ต๐ฐ ๐ฃ๐ถ๐ด๐ช๐ฏ๐ฆ๐ด๐ด ๐ด๐ถ๐ค๐ค๐ฆ๐ด๐ด."
The organization is not an 'ordinary' conference series that's popped up specializing in blockchain; it's an exclusive club of organizations with, historically, a huge amount of industry and financial influence, including MIT, DARPA, Accenture, Federal Reserve Board, the IEEE, Intel, Northrop Grumman, and TD Ameritrade.
On September 12แตสฐ, the conference's official twitter account sent out a tweet about how Bradley Chase from Ripple had conducted a presentation about decentralized consensus:
Just knowing that Ripple presented at the conference is impressive; hopefully the conference's attendees benefited from Bradley Chase's explanation and were able to understand some of the important concepts. Part of achieving the necessary changes in the financial system involves educating the industry leaders that could potentially play an important role in promoting the Internet of Value (IoV).
Coinme
The announcement about Ripple's Xpring investment into Coinme occurred on Friday, September 13แตสฐ:
The tweet from Ethan Beard appeared on my twitter stream, and I grew excited, especially from the way that he described it. His tweet said:
"๐๐ข๐ฏ'๐ต ๐ธ๐ข๐ช๐ต ๐ต๐ฐ ๐ด๐ฆ๐ฆ #๐น๐ณ๐ฑ ๐ฐ๐ฏ @๐๐ฐ๐ช๐ฏ๐ฎ๐ฆ๐๐๐!"
And then it linked to the blog written by Suneet Wadhwa. I then noticed others from Ripple had sent congratulatory tweets as well, including Warren Paul Anderson, Ripple's Product Manager. I clicked into that thread to see if he'd commented further.
Scrolling down the tweet thread to see who had responded, I noticed that Coinme's twitter account had been interacting with people on the thread, and that Alex Cobb, a popular XRP YouTuber had asked:
"... ๐๐ฐ ๐บ๐ฐ๐ถ ๐ต๐ฉ๐ช๐ฏ๐ฌ ๐ธ๐ฆ ๐ธ๐ฐ๐ถ๐ญ๐ฅ ๐ฆ๐ท๐ฆ๐ณ ๐ด๐ฆ๐ฆ ๐ฐ๐ต๐ฉ๐ฆ๐ณ ๐ข๐ด๐ด๐ฆ๐ต๐ด ๐ญ๐ช๐ฌ๐ฆ ๐๐๐ ๐ช๐ฏ๐ค๐ญ๐ถ๐ฅ๐ฆ๐ฅ ๐ธ๐ช๐ต๐ฉ๐ช๐ฏ ๐ต๐ฉ๐ฆ ๐ฌ๐ช๐ฐ๐ด๐ฌ๐ด?"
My first reaction after reading his question was 'Well, yes, Ethan indicated that in his tweet...' But I noticed that there was no reply to his question from Coinme. Perplexed, especially given the tweet from Ethan Beard, I asked Coinme myself:
"๐๐ช๐ญ๐ญ ๐๐๐ ๐ฃ๐ฆ ๐ข๐ท๐ข๐ช๐ญ๐ข๐ฃ๐ญ๐ฆ ๐ช๐ฏ ๐ต๐ฉ๐ฆ ๐๐ช๐ฐ๐ด๐ฌ๐ด ๐ฅ๐ช๐ณ๐ฆ๐ค๐ต๐ญ๐บ?"
Still no response. Then I noticed that a third person had posed the question, too, again with no response:
Then I sent a DM to a Ripple employee to inquire about the announcement, and was only able to confirm that Ripple received an equity stake in Coinme as part of their funding.
While I hope that Ethan Beard is correct about seeing XRP in the kiosks (eventually), I haven't heard from anybody - not even Coinme - that can confirm whether or not XRP will be available directly in their kiosks. And usually when a company that is as 'interactive' on social media as Coinme doesn't comment, it's because they want to avoid giving bad news.
The official blog, and the official announcement, said nothing about XRP being available in the kiosks and instead indicated that the money would be used to:
"๐ฐ๐ฃ๐ต๐ข๐ช๐ฏ ๐ข๐ฅ๐ฅ๐ช๐ต๐ช๐ฐ๐ฏ๐ข๐ญ ๐ญ๐ช๐ค๐ฆ๐ฏ๐ด๐ฆ๐ด ๐ต๐ฐ ๐ฐ๐ฑ๐ฆ๐ณ๐ข๐ต๐ฆ ๐ฏ๐ข๐ต๐ช๐ฐ๐ฏ๐ธ๐ช๐ฅ๐ฆ ๐ข๐ฏ๐ฅ ๐ฆ๐น๐ฑ๐ข๐ฏ๐ฅ ๐ต๐ฐ ๐ฌ๐ฆ๐บ ๐ช๐ฏ๐ต๐ฆ๐ณ๐ฏ๐ข๐ต๐ช๐ฐ๐ฏ๐ข๐ญ ๐ฎ๐ข๐ณ๐ฌ๐ฆ๐ต๐ด."
The blog - published by Ripple - indicates that Coinme will use the investment money to expand into new markets by obtaining needed licenses for its Bitcoin Kiosks.
While the announcement speaks to a positive and inclusive mind-set to helping build the Internet of Value, it's fascinating that the company receiving the investment would not even entertain the idea of listing XRP in its machines.
It's my perspective that companies should be supported as part of Xpring, but if that company demonstrates that it is actively protecting Bitcoin's market share, Ripple may want to do a 'hard pass' on it for the time being.
And alternatively, if the benefit from this business deal is part of some clandestine strategy that can't be revealed, then the announcement is even more perplexing because it shouldn't have been publicly disclosed.
As of this writing, the announcement is only two days old, so perhaps new information about the Xpring investment will be revealed.
Sibos
Not many people are enthusiastic about SWIFT. The old correspondence banking network was originally designed and operated during the age of analog telephones over forty years ago. In its time, there were, no doubt, many old-school, paper-and-pencil bank accountants that scoffed at the notion of using electronics for communicating financial information.
But that time has long since disappeared into the fog of history, and the years have not been kind.
Instead of noting the inexorable shift to blockchain technology, SWIFT chose to protect the business interests of some of the larger money center banks, and ignored the new fintechs that started to emerge; Ripple was among them, and faced one frustrating encounter after another.
Then, in 2017, Brad Garlinghouse and the other leaders at Ripple wisely decided to go their own way and organize the SWELL conference. That first SWELL conference was scheduled at the same time and location as SIBOS, causing some (intentional?) drama in the mainstream media. Ripple contracted with a company to transport attendees from SIBOS to a different location in Toronto at its own conference.
So now you're probably wondering 'why would Ripple attend SIBOS?'
If you think about it, attending SIBOS two years after that first SWELL conference is a stroke of genius. SIBOS now represents a convenient location where Ripple's potential customer base is all in one location. To be fair, not all of the decision makers will be attending SIBOS, but enough of them will be there to attract Ripple's attention.
And they responded by sending one of their most well-spoken company executives, Navin Gupta, their Managing Director of MENA (Middle-east and North Africa):
SIBOS takes place in late September in London, and Navin Gupta is presenting during a segment titled 'The future of cross-border payments - Transforming remittances with digital assets.'
SIBOS has a habit of releasing videos of its conference, so perhaps we'll eventually be able to see some of Navin Gupta's presentation.
If you asked if there was anybody else more qualified than Navin Gupta to lecture bankers about blockchain technology, I would be hard-pressed to give you a name. Maybe David Schwartz? But the list is very short; Navin Gupta seems naturally gifted in bringing complex topics into high relief using relate-able analogies and examples.
Escrow
'Escrow' is an exciting, native capability of the XRP Ledger: It allows anybody that owns XRP to send it to another wallet with the condition that it only be delivered after a specific date and time.
This capability was used by Ripple to lock away 55 billion XRP in 2017, to ensure that traders can accurately estimate the amount of XRP that the company has access to with regards to supply. Crypto consolidation sites like Coinmarketcap treat this escrow in various ways, from considering it 'fully issued' to considering only non-escrowed XRP to be 'available' for calculation of market capitalization.
Whichever camp you agree with, it's been a significant amount of time since that original escrow contract was created in December of 2017. Since that time, Ripple has been accessing the released XRP and then choosing to use a portion of it each time, placing the remaining amount back into a cryptographic lock afterwards. In fact, so much time has passed that the amount of XRP 'in escrow' has now been reduced to below 50 billion XRP:
It was a milestone that was recognized by some in the XRP Community, and by various crypto websites.
Coil
Coil sponsored a competition to promote both web monetization and the new Coil blogging platform. The competition was held as a part of the 'js13kGames,' which is a competition that focuses on HTML5 -related games. Each competitor in the competition must use technology that conforms to the contest rules, and the most important rule is that the code and its source files should be contained in a zip file that is no larger than 13 kilobytes.
Just for reference, the previous paragraph, when saved, takes up approximately one-half of one KB.
This game size limitation motivates the developer to use various packaging techniques to enlarge the size of the base file that they can use to house the game code.
For the js13kGames competition, the developer has to follow some other basic rules, and has one month, from August 13แตสฐ through September 13แตสฐ, to complete the game; at the time of this writing, the competition has now just recently ended, so we can take a look at the complete list of submitted games. Forty-eight games were submitted as part of the web monetization category.
js13kGames divides the competition into categories, depending on the interest of the developer. In this iteration of the competition, Coil sponsored their own category (web monetization), and pledged a prize for all competitors: a six-month free Coil subscription.
To help with the competition, both Nathan Lie, a Software Engineer from Coil, and Yuriy Dybskiy, one of the co-founders of PUMA, volunteered as experts available to help with the competition:
When you take a look at the final submissions by the developers, you might be surprised at the level of entertainment from some of these compact games: I tried out a couple of them, and found myself immediately engaged and having fun. Coil sent out a tweet about the competition as it drew to a close:
The game designers were encouraged to provide 'extras' for those Coil subscribers that played the games; it was an obvious precursor to various strategies of how websites and coders can configure their content to have various behaviors based on whether an end-user is a Coil subscriber or not. The competition, along with its emphasis on integrating premium content, served as yet another example of the type of creative leadership that we've come to expect from the talented individuals comprising the team at Coil.
My Coil Recommendations
I managed to browse some new Coil contributors over the last week, and some of them are included here for your benefit; I've provided a link to one of the author's articles, as well as their home page and the category that seems to define the content of their article.
Note that the 'topic' is my own subjective categorization:
Author: Ken [email protected]
Article: The 30-Day Coil Blogging Challenge
Topic: Blogging Contest
Author: [email protected]
Article: The use of Paracetamol(acetaminophen) to suppress fever โ is there a role?
Topic: Health
Author: Patrรญcia [email protected]
Article: The wonders of cheap Vacation!
Topic: Travel
Author: AJ [email protected]
Article: The History Of Us
Topic: Science
Author: [email protected]
Article: Participation in the "OECD Global Blockchain Policy Forum 2019"
Topic: Blockchain
Coil is gaining momentum; additional authors are joining the platform daily now, and each of us on the blogging site are becoming better at integrating premium content into our posts. If you've already signed up as a Coil subscriber, then thank you; if you are still on the fence, I would ask that you try it out for a few months to see if you benefit from any of the premium content. It's a low-risk experiment on your part: For only $5 dollars, you will benefit from premium information, content, and entertainment.
And the selection of premium content is only going to become more compelling as the ecosystem grows. To try out Coil, click here: https://coil.com/signup
XRP News
One of the data points that many XRP fans take for granted is the flawless closing of XRP Ledgers; from the dawn of when the first XRP was ever created, to the one that just closed as you are reading this sentence. The ledgers close in less than four seconds; usually a new one is created every ~ 3.9 seconds, depending on various factors.
Over time, this equates to a LOT of ledgers.
The XRP Community has celebrated various milestones, including the thirty million and the forty million ledger mark. And now, on September 13แตสฐ, the fifty millionth ledger was closed:
Congratulations to each person in the XRP Community that has a stake in the health and robustness of the XRP network.
XRP Meetup: Japan
More details have now become available about the Japanese meetup:
The XRP meetup will take place in Ginza, Tokyo on November 10แตสฐ, from 1 p.m. to 5 p.m. Along with the additional information, the artistic website also revealed some eye-catching profiles of various attendees, including Tiffany Hayden, David Schwartz, and others:
In the above picture, you may not recognize one of the attendees: Masashi Nakajima (@nakajipark on Twitter). He is an expert in international remittance and is an ex-banker from the Bank of Japan (BoJ) and the Bank of International Settlement (BIS). He's published a book about his perspectives, titled 'After Bitcoin,' that explains concepts related to SWIFT, CBDCs, and RippleNet. The organizers have set aside a specific time for him to talk.
The official site has also posted a detailed agenda, along with a link to an application form where people can register to attend: https://xrpmeetupjapan.com/apply/
Note that the attendee list is already quite large, and is heavily-skewed towards the Japanese portion of the demographic composition of the XRP Community. It's a great opportunity for the two separate communities to mingle a bit and interact - and I'm impressed with the list of influential names already planning on attending!
Thanks to @tenitoshi (Twitter avatar) for sending me a DM (Direct Message) over Twitter about the updated information.
Hot Pocket
When those in the West saw the name of Richard Holland's new creation, my guess is that they immediately thought of 'Hot Pockets,' the processed, ready-made food that resembles pizza surrounded by pie crust.
This 'Hot Pocket' is completely different, however; it refers to a new network that can process and distribute inputs and results from smart contracts:
The idea is that each node in Hot Pocket forms a network collaboratively, and exists within the confines of Codius host(s):
Above is my own rendering of my intuitive understanding of the way that Hot Pocket would run; each node in that diagram is hosted on a Codius Host. And each node of Hot Pocket is connecting to other nodes; each node is a stakeholder to the same smart contract, and form a network to distribute the inputs, state, and outcome of the smart contract.
The developer who created Hot Pocket is the same creator of the Toast XRP Wallet, Richard Holland, so he's very well-versed in how the XRP Ledger communicates and operates. When I contacted him to find out more about Hot Pocket, he provided additional background:
"๐๐ฐ๐ฅ๐ช๐ถ๐ด ๐ข๐ต ๐ต๐ฉ๐ฆ ๐ฎ๐ฐ๐ฎ๐ฆ๐ฏ๐ต ๐ช๐ด ๐ซ๐ถ๐ด๐ต ๐ข ๐ด๐ต๐ข๐ฏ๐ฅ๐ข๐ณ๐ฅ๐ช๐ป๐ฆ๐ฅ ๐ธ๐ข๐บ ๐ฐ๐ง ๐ฐ๐ฃ๐ต๐ข๐ช๐ฏ๐ช๐ฏ๐จ ๐ฉ๐ฐ๐ด๐ต๐ช๐ฏ๐จ. ๐๐ต'๐ด ๐ฏ๐ฐ๐ต ๐ข ๐ด๐ฎ๐ข๐ณ๐ต ๐ค๐ฐ๐ฏ๐ต๐ณ๐ข๐ค๐ต ๐ฑ๐ญ๐ข๐ต๐ง๐ฐ๐ณ๐ฎ. ๐๐ฐ ๐ ๐ค๐ข๐ฏ ๐จ๐ฐ ๐ฐ๐ถ๐ต ๐ข๐ฏ๐ฅ ๐ฉ๐ฐ๐ด๐ต ๐ฎ๐บ ๐ธ๐ฆ๐ฃ๐ด๐ช๐ต๐ฆ ๐ฐ๐ฏ 5 ๐ณ๐ข๐ฏ๐ฅ๐ฐ๐ฎ ๐๐ฐ๐ฅ๐ช๐ถ๐ด ๐ฏ๐ฐ๐ฅ๐ฆ๐ด ๐ฃ๐ถ๐ต ๐ต๐ฉ๐ฆ๐ณ๐ฆโ๐ด ๐ข ๐ฎ๐ข๐ด๐ด๐ช๐ท๐ฆ ๐จ๐ข๐ฑ ๐ฃ๐ฆ๐ต๐ธ๐ฆ๐ฆ๐ฏ ๐ต๐ฉ๐ข๐ต ๐ข๐ฏ๐ฅ ๐ข ๐ฅ๐ฆ๐ค๐ฆ๐ฏ๐ต๐ณ๐ข๐ญ๐ช๐ป๐ฆ๐ฅ ๐ด๐ฆ๐ณ๐ท๐ช๐ค๐ฆ. ๐๐ฐ๐ธ ๐ฅ๐ฐ ๐ต๐ฉ๐ฆ 5 ๐ฏ๐ฐ๐ฅ๐ฆ๐ด ๐ต๐ข๐ญ๐ฌ ๐ต๐ฐ ๐ฆ๐ข๐ค๐ฉ ๐ฐ๐ต๐ฉ๐ฆ๐ณ ๐ข๐ฏ๐ฅ ๐ต๐ฐ ๐ถ๐ด๐ฆ๐ณ๐ด ๐ธ๐ช๐ต๐ฉ๐ฐ๐ถ๐ต ๐ซ๐ถ๐ด๐ต ๐ฃ๐ฆ๐ช๐ฏ๐จ 5 ๐ช๐ฏ๐ฅ๐ฆ๐ฑ๐ฆ๐ฏ๐ฅ๐ฆ๐ฏ๐ต ๐ค๐ฐ๐ฑ๐ช๐ฆ๐ด ๐ฐ๐ง ๐บ๐ฐ๐ถ๐ณ ๐ฑ๐ณ๐ฐ๐จ๐ณ๐ข๐ฎ?
๐๐ฐ๐ฅ๐ช๐ถ๐ด ๐ช๐ด ๐ซ๐ถ๐ด๐ต ๐ข ๐ธ๐ข๐บ ๐ฐ๐ง ๐ฐ๐ฃ๐ต๐ข๐ช๐ฏ๐ช๐ฏ๐จ ๐ฉ๐ฐ๐ด๐ต๐ช๐ฏ๐จ ๐ฑ๐ณ๐ฐ๐จ๐ณ๐ข๐ฎ๐ฎ๐ข๐ต๐ช๐ค๐ข๐ญ๐ญ๐บ.
๐๐ต ๐ต๐ฉ๐ฆ ๐ฎ๐ฐ๐ฎ๐ฆ๐ฏ๐ต ๐ช๐ง ๐บ๐ฐ๐ถ ๐ธ๐ข๐ฏ๐ต ๐ต๐ฐ ๐ฉ๐ช๐ณ๐ฆ ๐ด๐ฐ๐ฎ๐ฆ ๐ต๐ช๐ฎ๐ฆ ๐ฐ๐ฏ ๐ข ๐ด๐ฆ๐ณ๐ท๐ฆ๐ณ ๐ช๐ฆ ๐ข ๐ท๐ฑ๐ด ๐บ๐ฐ๐ถ ๐ฉ๐ข๐ท๐ฆ ๐ต๐ฐ ๐ถ๐ด๐ฆ ๐ข ๐ด๐ฆ๐ต ๐ฐ๐ง ๐ฉ๐ถ๐ฎ๐ข๐ฏ ๐ถ๐ด๐ฆ๐ณ ๐ช๐ฏ๐ต๐ฆ๐ณ๐ง๐ข๐ค๐ฆ๐ด ๐ต๐ฐ ๐ด๐ช๐จ๐ฏ ๐ถ๐ฑ ๐ต๐ฐ ๐ข ๐ฉ๐ฐ๐ด๐ต ๐ข๐ฏ๐ฅ ๐ต๐ฉ๐ฆ๐ฏ ๐ฃ๐ถ๐บ ๐ฉ๐ฐ๐ด๐ต๐ช๐ฏ๐จ ๐ธ๐ช๐ต๐ฉ ๐ต๐ฉ๐ข๐ต ๐ฉ๐ฐ๐ด๐ต, ๐ข๐ฏ๐ฅ ๐ต๐ฉ๐ฐ๐ด๐ฆ ๐ช๐ฏ๐ต๐ฆ๐ณ๐ง๐ข๐ค๐ฆ๐ด ๐ข๐ณ๐ฆ ๐ฅ๐ช๐ง๐ง๐ฆ๐ณ๐ฆ๐ฏ๐ต ๐ข๐ต ๐ฆ๐ข๐ค๐ฉ ๐ฃ๐ถ๐ด๐ช๐ฏ๐ฆ๐ด๐ด ๐บ๐ฐ๐ถ ๐จ๐ฐ ๐ต๐ฐ.
๐๐ฐ๐ฅ๐ช๐ถ๐ด ๐ฑ๐ณ๐ฐ๐ท๐ช๐ฅ๐ฆ๐ด ๐ข ๐ด๐ต๐ข๐ฏ๐ฅ๐ข๐ณ๐ฅ ๐๐๐ ๐ต๐ฐ ๐ฃ๐ถ๐บ ๐ฉ๐ฐ๐ด๐ต๐ช๐ฏ๐จ ๐ง๐ณ๐ฐ๐ฎ ๐ฉ๐ฐ๐ด๐ต๐ช๐ฏ๐จ ๐ฑ๐ณ๐ฐ๐ท๐ช๐ฅ๐ฆ๐ณ๐ด.
... ๐ฏ๐ฐ๐ธ ๐ข ๐ฑ๐ณ๐ฐ๐จ๐ณ๐ข๐ฎ ๐ณ๐ข๐ต๐ฉ๐ฆ๐ณ ๐ต๐ฉ๐ข๐ฏ ๐ข ๐ฉ๐ถ๐ฎ๐ข๐ฏ ๐ค๐ข๐ฏ ๐ฃ๐ถ๐บ ๐ฉ๐ฐ๐ด๐ต๐ช๐ฏ๐จ. ๐๐ถ๐ต ๐๐ฐ๐ฅ๐ช๐ถ๐ด ๐ช๐ด๐ฏโ๐ต ๐ข ๐ด๐ฎ๐ข๐ณ๐ต ๐ค๐ฐ๐ฏ๐ต๐ณ๐ข๐ค๐ต ๐ฑ๐ญ๐ข๐ต๐ง๐ฐ๐ณ๐ฎ ๐ธ๐ช๐ต๐ฉ๐ฐ๐ถ๐ต ๐ข ๐ค๐ฐ๐ฏ๐ด๐ฆ๐ฏ๐ด๐ถ๐ด ๐ฆ๐ฏ๐จ๐ช๐ฏ๐ฆ. ๐๐ฐ ๐ต๐ฉ๐ฆ ๐ช๐ฅ๐ฆ๐ข๐ญ ๐ด๐ต๐ข๐ค๐ฌ ๐ช๐ด: ๐๐ฎ๐ข๐ณ๐ต ๐ค๐ฐ๐ฏ๐ต๐ณ๐ข๐ค๐ต ๐ณ๐ถ๐ฏ๐ด ๐ฐ๐ฏ ๐ฉ๐ฐ๐ต ๐ฑ๐ฐ๐ค๐ฌ๐ฆ๐ต ๐ณ๐ถ๐ฏ๐ด ๐ฐ๐ฏ ๐ข ๐ฃ๐ถ๐ฏ๐ค๐ฉ ๐ฐ๐ง ๐๐ฐ๐ฅ๐ช๐ถ๐ด ๐ฏ๐ฐ๐ฅ๐ฆ๐ด.
๐๐ฉ๐ฆ ๐ฏ๐ช๐ค๐ฆ ๐ต๐ฉ๐ช๐ฏ๐จ ๐ข๐ฃ๐ฐ๐ถ๐ต ๐ต๐ฉ๐ข๐ต ๐ด๐ฆ๐ต๐ถ๐ฑ ๐ช๐ด ๐ต๐ฉ๐ฆ๐ฐ๐ณ๐ฆ๐ต๐ช๐ค๐ข๐ญ๐ญ๐บ ๐บ๐ฐ๐ถ๐ณ ๐ด๐ฎ๐ข๐ณ๐ต ๐ค๐ฐ๐ฏ๐ต๐ณ๐ข๐ค๐ต ๐ค๐ข๐ฏ ๐ฑ๐ข๐บ ๐ง๐ฐ๐ณ ๐ช๐ต๐ด ๐ฐ๐ธ๐ฏ ๐ฉ๐ฐ๐ด๐ต๐ช๐ฏ๐จ ๐ข๐ฏ๐ฅ ๐ข๐ค๐ฒ๐ถ๐ช๐ณ๐ฆ ๐ฏ๐ฆ๐ธ ๐๐ฐ๐ฅ๐ช๐ถ๐ด ๐ฏ๐ฐ๐ฅ๐ฆ๐ด ๐ช๐ง ๐ฆ๐น๐ช๐ด๐ต๐ช๐ฏ๐จ ๐ฐ๐ฏ๐ฆ๐ด ๐จ๐ฐ ๐ฅ๐ฐ๐ธ๐ฏ."
He also provided a little background about what prompted his interest in creating Hot Pocket:
"๐๐ฐ ๐ฃ๐ฆ ๐ฉ๐ฐ๐ฏ๐ฆ๐ด๐ต, ๐ข๐ญ๐ญ ๐ต๐ฉ๐ฆ ๐ด๐ฎ๐ข๐ณ๐ต ๐ค๐ฐ๐ฏ๐ต๐ณ๐ข๐ค๐ต ๐ฑ๐ญ๐ข๐ต๐ง๐ฐ๐ณ๐ฎ๐ด ๐โ๐ท๐ฆ ๐ด๐ฆ๐ฆ๐ฏ ๐ฉ๐ข๐ท๐ฆ ๐ฃ๐ฆ๐ฆ๐ฏ ๐ฉ๐ฐ๐ต ๐จ๐ข๐ณ๐ฃ๐ข๐จ๐ฆ. ๐๐ข๐ญ๐ญ๐ฆ๐ฅ ๐จ๐ข๐ณ๐ฅ๐ฆ๐ฏ ๐ฑ๐ณ๐ฐ๐ฃ๐ญ๐ฆ๐ฎ ๐ฆ๐ท๐ฆ๐ณ๐บ ๐ต๐ช๐ฎ๐ฆ.
๐๐ฐ๐ฏ๐ต๐ณ๐ข๐ค๐ต๐ด ๐ฏ๐ฆ๐ฆ๐ฅ ๐ต๐ฐ ๐ฃ๐ฆ ๐ณ๐ฆ๐ข๐ญ ๐ฑ๐ณ๐ฐ๐จ๐ณ๐ข๐ฎ๐ด ๐ต๐ฉ๐ข๐ต ๐ค๐ข๐ฏ ๐ช๐ฏ๐ต๐ฆ๐ณ๐ข๐ค๐ต ๐ธ๐ช๐ต๐ฉ ๐ต๐ฉ๐ฆ ๐ณ๐ฆ๐ข๐ญ ๐ธ๐ฐ๐ณ๐ญ๐ฅ. ๐๐ฐ๐ต ๐ง๐ข๐ฌ๐ฆ ๐ฑ๐ณ๐ฐ๐จ๐ณ๐ข๐ฎ๐ด ๐ณ๐ถ๐ฏ๐ฏ๐ช๐ฏ๐จ ๐ช๐ฏ ๐ข ๐ง๐ข๐ฌ๐ฆ ๐ธ๐ฐ๐ณ๐ญ๐ฅ. ๐๐ข๐ด๐ช๐ค๐ข๐ญ๐ญ๐บ ๐ช๐ง ๐บ๐ฐ๐ถ๐ณ ๐ด๐ฎ๐ข๐ณ๐ต ๐ค๐ฐ๐ฏ๐ต๐ณ๐ข๐ค๐ต ๐ค๐ข๐ฏโ๐ต ๐ฑ๐ฉ๐ฐ๐ฏ๐ฆ ๐บ๐ฐ๐ถ ๐ถ๐ฑ, ๐ช๐ต'๐ด ๐ฏ๐ฐ๐ต ๐ง๐ณ๐ฆ๐ฆ ๐ฆ๐ฏ๐ฐ๐ถ๐จ๐ฉ ๐ต๐ฐ ๐ฃ๐ฆ ๐ถ๐ด๐ฆ๐ง๐ถ๐ญ.
๐'๐ท๐ฆ ๐ธ๐ข๐ฏ๐ต๐ฆ๐ฅ ๐ต๐ฐ ๐ฅ๐ฐ ๐ข ๐ด๐ฎ๐ข๐ณ๐ต ๐ค๐ฐ๐ฏ๐ต๐ณ๐ข๐ค๐ต ๐ด๐ฐ๐ญ๐ถ๐ต๐ช๐ฐ๐ฏ ๐ง๐ฐ๐ณ ๐๐๐๐ ๐ง๐ฐ๐ณ ๐ฒ๐ถ๐ช๐ต๐ฆ ๐ข ๐ธ๐ฉ๐ช๐ญ๐ฆ ๐ฃ๐ถ๐ต ๐ฉ๐ข๐ท๐ช๐ฏ๐จ ๐ข ๐ณ๐ฆ๐ข๐ญ ๐ธ๐ฐ๐ณ๐ญ๐ฅ ๐ถ๐ด๐ฆ ๐ค๐ข๐ด๐ฆ ๐ง๐ฐ๐ณ ๐ช๐ต ๐ธ๐ข๐ด ๐ฎ๐ฐ๐ต๐ช๐ท๐ข๐ต๐ช๐ฏ๐จ (๐ฎ๐ฆ)."
After looking into a possible solution that would lock his idea tightly with XRP, he decided instead to think about smart contracts as completely separate entities from a specific settlement layer.
He then went in a new direction:
"... ๐๐ต ๐ฐ๐ถ๐ต ๐ฐ๐ง ๐ฏ๐ฆ๐ค๐ฆ๐ด๐ด๐ช๐ต๐บ ๐ฃ๐ฆ๐ค๐ข๐ถ๐ด๐ฆ (๐ณ๐ฆ๐ฅ๐ข๐ค๐ต๐ฆ๐ฅ) ๐ข๐ฏ๐ฅ ๐ ๐ข๐ณ๐ฆ ๐ฃ๐ถ๐ช๐ญ๐ฅ๐ช๐ฏ๐จ ๐ข๐ฏ ๐ช๐ฅ๐ฆ๐ฏ๐ต๐ช๐ต๐บ ๐ด๐ฐ๐ญ๐ถ๐ต๐ช๐ฐ๐ฏ ๐ข๐ฏ๐ฅ ๐ธ๐ฆ ๐ฏ๐ฆ๐ฆ๐ฅ๐ฆ๐ฅ ๐ข ๐ด๐ฎ๐ข๐ณ๐ต ๐ค๐ฐ๐ฏ๐ต๐ณ๐ข๐ค๐ต ๐ฑ๐ญ๐ข๐ต๐ง๐ฐ๐ณ๐ฎ ๐ต๐ฉ๐ข๐ต ๐ธ๐ช๐ญ๐ญ ๐ธ๐ฐ๐ณ๐ฌ ๐ธ๐ช๐ต๐ฉ ๐ต๐ฉ๐ฆ ๐๐๐๐."
๐๐ต๐ข๐ฌ๐ฆ๐ฉ๐ฐ๐ญ๐ฅ๐ฆ๐ณ๐ด ๐ค๐ข๐ฏ ๐ณ๐ถ๐ฏ ๐ต๐ฉ๐ฆ๐ช๐ณ ๐ฐ๐ธ๐ฏ ๐ฏ๐ฐ๐ฅ๐ฆ๐ด ๐ธ๐ฉ๐ช๐ค๐ฉ ๐ธ๐ช๐ญ๐ญ ๐ฑ๐ณ๐ฐ๐ท๐ช๐ฅ๐ฆ ๐ต๐ฉ๐ฆ๐ช๐ณ ๐ฐ๐ธ๐ฏ ๐ฆ๐ฏ๐ค๐ณ๐บ๐ฑ๐ต๐ฆ๐ฅ ๐ด๐ต๐ฐ๐ณ๐ฆ ๐ฐ๐ง ๐๐ ๐ฅ๐ฐ๐ค๐ถ๐ฎ๐ฆ๐ฏ๐ต๐ด. ๐๐ข๐ค๐ฉ ๐ด๐ฎ๐ข๐ณ๐ต ๐ค๐ฐ๐ฏ๐ต๐ณ๐ข๐ค๐ต ๐ด๐ฉ๐ฐ๐ถ๐ญ๐ฅ ๐ฃ๐ฆ ๐ช๐ต๐ด ๐ฐ๐ธ๐ฏ ๐ฃ๐ญ๐ฐ๐ค๐ฌ๐ค๐ฉ๐ข๐ช๐ฏ."
When it comes to smart contracts, Ripple was wise to be patient.
Given some of the analysis and comments from Richard Holland, it makes me wonder how smart contracts will eventually be used to process financial information and contracts.
If the solution and platform are done correctly, it should usher in an era of creative new business models, revenue streams, and even derivative markets.
Congratulations to Richard Holland on his creation, and perhaps we'll learn more about the project he's working on with another XRP Community member.
Swipe Wallet
SWIPE is an ICO-financed, European exchange platform, mobile wallet, and debit card. The company has offices in the UK and in Estonia.
On September 14แตสฐ, an XRP Community member, @RipplePandaXRP, noted that the platform had added support for XRP:
He's right: SWIPE's official Twitter account and marketing does indeed indicate support for XRP. It's great to see another company willing to enter the cryptomarket with bridges to the world of traditional finance. SWIPE, like some other blockchain-based payment platforms, supports bank account integration and dynamic payment processing of crypto-based accounts.
It's one more exchange - and payment platform - that now supports the needs of retail owners of XRP.
Seven Ways
Participants in the cryptomarket need to awaken and realize that there is one digital asset in the mix that will usher blockchain technology into a future of true business utility.
While its primary use case - its use as a bridge currency - is measurable only with the assistance of extremely large numbers, other uses are now forming into sharp relief as well; it's these alternative use cases that might actually challenge or even eclipse the demand for XRP from its primary use case.
To stay apprised on all the ways that XRP is achieving new levels of utility, subscribe to my blog on Coil; and if you haven't already done so, please consider purchasing a subscription to Coil. Coil streams XRP in small packets to content creators on its platform - and any other platform that is Coil-enabled. Purchasing a subscription to Coil helps grow the new market for web monetization, and hence, expands the demand for XRP.
The Internet of Value is being built by an immense explosion of energy, resources, activity, and talented people. This building is taking shape along each of the use case paths for XRP, all of which are large enough to result in material levels of demand for the fastest and most convenient digital asset on the planet: XRP
Credits: Thanks to Bruno Wolff for this blog's cover art